SWOT Analysis and Its Significance
SWOT analysis is a vital strategic planning tool that evaluates an organization’s strengths, weaknesses, opportunities, and threats. It helps businesses assess internal and external factors affecting performance, identify areas for improvement, and leverage market opportunities. By addressing weaknesses and mitigating threats, companies can develop effective strategies for long-term growth and competitiveness. This paper explores the definition, significance, and application of SWOT analysis in strategic planning to enhance organizational success in dynamic market environments.
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Tindal, Richard. Municipal Administration Program: Management in the Municipality. Ontario: AMCTO, 2020.
Reference
StudyCorgi. (2025, January 23). SWOT Analysis and Its Significance. https://studycorgi.video/swot-analysis-and-its-significance/